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XRP Price PredictionLooking at XRP's overall Price Action since its listing at Bitstamp in 2013 we can see a similar pattern evolving in the current Cycle compared to the Cycle from 2013-2017. 2013-2017 Price Action: 1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line) 2. Cycle: Lower High than last Cycle and bottoming out over a longer period of time 3. Cycle: Parabolic Run Up Between Cycle 1 & 2 it took out Sellside Liquidity. Between Cycle 2 & 3 it took out Buyside Liquidity resting at 0.00907 - the swing high of that move comes in at 0.00947 ______ 2017-current Price Action: 1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line) 2. Cycle: Lower High than last Cycle and bottoming out over a longer period of time 3. Cycle: Parabolic Run Up? Between Cycle 1 & 2 it took out Sellside Liquidity. Between Cycle 2 & 3 it took out Buyside Liquidity resting at 0.917 - the swing high of that move comes in at 0.947 Look at the "coincidental" price points of both Cycle's Buyside Liquidity grabs...you can't make that up. Remove two zeros and you almost get the exact same price points as in July 2023. ______ My guess is that it will take out the Sellside Liquidity resting at $0.28704. Maybe even trading down to grab the Sellside Liq. at $0.16918. Once it grabbed it, it will then go for another parabolic run up like we saw in 2017. Why would that make sense with the overall understanding of the market? Like I explained in my last BNB analysis Tether will go down at one point. Inevitable. XRP won't stay up there during that moment in time. Also think about it like this: The SEC case pump in July was a trap for retail traders to buy it up. Who sold it to them? Smart Money (the big guys). If Smart Money sold their fair share of XRP in July, then they definitely want to buy back in again, but at much lower prices, right? Who is going to sell once we break down the $0.30 floor? Retail...Smart Money is buying it all up, then we wait & XRP will be one of the big players in the future and get another parabolic run - working with Central Banks etc. (if you want to learn more about that follow me here or on Twitter - I will post more in the near future) ______ Looking at the chart from a different perspective: Since 2017 the chart has been getting compressed. When something gets compressed over a long period of time, this pressure needs to be released at one point like we saw in 2017. The same will happen in the future. Or think about it like as if it was breathing in and out. Universal laws. ______ Welcome to kingoftrades 88's way of charting. ______ Nothing posted here is financial advice.
BITSTAMP:XRPUSD
by kingoftrades88
17
🔥 XRP GAINS MORE GROUND 🔥🔥 Hope you guys are doing well today, I appreciate you ladies and gentlemen taking the time to stop by, means a lot. 🔥 XRP's gained more ground having exited from our horizontal channel to the upside forming some higher ground and a higher high having pulled us up to that 0.53 level. I'll be watching here to see whether or not we can form a higher high or if this will be our next ceiling/point of resistance. 🔥 I expect that 0.531 level to be a bit of a blockade for us no doubt, it's good to see how these horizontal levels have basically done pretty well to keep us up to date with those support and resistance levels having done the job pretty accurately. Alongside that we look to our EMA's and can identify how we've continued to gain having avoided losing that 200 EMA on the 30 minute timeframe with our 20/50 EMA's doing the job still. 🔥 I'm waiting to see when the next pullback in but I'd set some alerts for 0.525 and 0.514 in case we reverse down to that point and get into a price war as that 200 EMA will no doubt catch up to us at one point or another so when that comes to fruition I'll be sure to keep an eye on price action. Below is also the main chart with the ascending channel having been added. 🔥 That ascending channel is what's holding us up right now but once we exit that channel I expect things to lose momentum and start the retracement. I have to go but hope that's alright, just wanted to share something quick to keep you guys posted. Thanks and all the best as always, thanks for the continued likes and support. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
XRP likely headed lowerWe saw XRPUSD pop slightly above $0.51 three days ago on the fake news about the SEC approval of Bitcoin Spot ETF. However, these gains lasted briefly, and XRPUSD bounced off the 50-day SMA that remains hovering above the 20-day SMA, indicating a downtrend. As for other technicals (on the daily time frame), MACD, RSI, and Stochastic are bearish. In fact, MACD recently failed to stay above the midpoint and reenter a bearish zone, which is quite worrisome. Due to that, we continue to be bearish on XRPUSD and think Bitcoin’s growing dominance will keep a lid on its price. Consequently, our view that XRPUSD will mark new lows below $0.45 remains valid. Illustration 1.01 The picture above shows the daily chart of XRPUSD and simple support/resistance levels. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
10
Ripple's Resilience and Ambition: An In-Depth Look at XRP's caseOver the past few weeks, Ripple, the company behind the native token XRP, has been making waves in the cryptocurrency landscape. The convergence of several key developments has provided a bullish momentum for the company, strengthening its position and offerings in the digital asset arena. This article aims to dissect these significant developments and their potential ramifications. 1. Ripple Acquires Metaco: Expanding its Digital Asset Custody Capabilities In a strategic move that underscores its commitment to growth and innovation in the digital asset space, Ripple acquired Swiss custody startup, Metaco for $250 million. Renowned for its secure digital asset management expertise across various applications, including blockchain technology, Metaco's incorporation into Ripple's operations promises to enrich its product offerings. This acquisition positions Ripple as an even more attractive option to financial institutions and individual users seeking comprehensive solutions for digital asset management. 2. Ripple Acquires Minority Stake in Bitstamp Ripple has recently acquired a minority stake in Bitstamp, one of the oldest cryptocurrency exchanges, previously owned by Pantera Capital. The specifics of the transaction remain undisclosed, but the move reflects Ripple's intent to expand its global presence and diversify beyond payments. This strategic investment strengthens Ripple's long-standing relationship with Bitstamp, which has served as a gateway for Ripple's XRP token. 3. Ripple Unveils Its Central Bank Digital Currency (CBDC) Platform As countries worldwide show heightened interest in developing their digital currencies, Ripple has launched a dedicated platform for Central Bank Digital Currencies (CBDCs). This innovative platform, built on a new private ledger that harnesses the power of the XRP Ledger, offers an end-to-end solution to central banks, governments, and financial institutions seeking to issue and manage their digital currencies. Ripple's CBDC Platform brings several advantages: ledger technology, issuer, operator, and end-user wallets are all part of the package. This comprehensive solution simplifies issuing and managing digital currencies, positioning Ripple as a critical partner for institutions venturing into CBDCs. 4. Ripple Unveils Its Central Bank Digital Currency (CBDC) Platformament to Ripple's Technological Prowess Ripple's commitment to the CBDC space has been further reinforced with its inclusion in the Hong Kong e-HKD Pilot Program. As the only representative from the crypto sector, Ripple will leverage its extensive knowledge and experience in the settlement of tokenized assets. This involvement validates Ripple's technological capabilities and provides a real-world testing ground for its CBDC platform, potentially paving the way for future partnerships with central banks and governments. 5. SEC Court Rulings Favor Ripple: A Potential Game Changer Recent court rulings have increasingly favored Ripple in the ongoing legal dispute between Ripple and the SEC, possibly setting a precedent for future cryptocurrency regulations. Central to the case is the Hinman letter, named after former SEC official William Hinman, who suggested in a 2018 speech that Ethereum should not be classified as a security. Ripple has sought public access to related internal SEC documents, believing they could support their defense that XRP, like Ethereum, isn't a security. On May 16, 2023, the court ordered these documents to be unsealed by June 13, 2023. Ripple's legal commitment, demonstrated by its projected $200 million in legal expenditures and recent victories and contradictions in SEC statements, may bolster its case that XRP is a digital currency, not a security. Despite the uncertainty surrounding the case's outcome, a win for Ripple could have far-reaching implications for the cryptocurrency industry. It could help solidify XRP's legal status in the US market. Summary and price action Ripple has proven its resilience and ambition through strategic initiatives, court victories, and partnerships. These developments, from acquiring Metaco and launching a CBDC platform to winning key court rulings and participating in Hong Kong's e-HKD Pilot Program, illustrate Ripple's potential to shape the future of digital currencies. The recent acquisition of a stake in Bitstamp further highlights Ripple's commitment to expanding its influence in the global cryptocurrency space. With these recent developments, Ripple strategically positions itself at the forefront of the rapidly evolving digital asset industry. XRP has outperformed the entire market since the November 2021 peak, as it was one of the few tokens/coins that hadn't pumped much compared to the rest. In November 2020, XRP got hit by the SEC lawsuit and was delisted by all US exchanges, while most other coins remained on these platforms. Now Ripple is close to potentially even winning its case against the SEC, with some essential information coming out today, while the rest of the market is just starting to deal with the SEC. As seen by XRPUSD and XRPBTC, it looks like the chart is a massive accumulation base that is ready to explode higher. It seems like the market knows something and is anticipating a positive outcome from the court case. The SEC may lose many of its issues (against Ripple, Grayscale, and Coinbase), and these could boost the market massively. So even if Ripple loses this case, more fights could turn things around for XRP and the entire crypto market. Again, as XRP doesn't have to deal with delistings and is ahead of the curve, it is less risky than other coins/tokens, which might have a different fate.
CRYPTO:XRPUSDLong
by BitcoinMacro
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP update from Crypto Sanders. Chart Analysis:- XRP rose to a two-week high on Friday, following a decision by the Securities and Exchange Commission (SEC) to drop its case against Garlinghouse and Larsen. XRP/USD peaked at 0.5291 earlier in the day, which comes following a low at 0.4831 the day prior. As a result of today’s high, the ripple rose to its highest point since October 5, when the price peaked at 0.5325. Earlier gains have now eased, which comes as the relative strength index (RSI) failed to move beyond a ceiling of 57.00. At the time of writing, price strength is now tracking at 56.32, with the next visible floor at the 50.00 level. The 10-day (red) moving average has also begun to trend upward, increasing the chances of an upward crossover in the upcoming days. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
XRPETH falling wedge/bull pennantWe can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only posted the pennant breakout target here, the target for the wedge on its own will be a lower than this one, however I see that the pennant target share bullish confluence with the double bottom target so I feel that increases the odds that the breakout could result in it hitting the full pennant target instead of just the wedge target. Of course until a breakout is confirmed there’s still a chance it could go below the pennant and break downward instead although much less probable…it could also always do the classic fake like it’s breaking down when its really just pullling bad the slingshot before rocketing back upward and out of the pennant. We will likely see soon enough before September seems likely. *not financial advice*
by DrDovetail
2
☄️ SEC DROPS CHARGES! XRP ☄️☄️ Thanks for stopping by this shouldn't take long but is very good to hear. ☄️ Crazy to see how long we we're stuck sideways trading between 0.479 and 0.492 before getting that breakout with this news of the SEC announcing that the SEC will indeed seek to dismiss all claims against Ripple's CEO who is Brad Garlinghouse and it's executive chair Chris Larsen. Something to point out is that the filing doesn't state the SEC is dropping the main civil case against Ripple, just dismissing it's claims against Brad and Chris which in itself is still a huge win. ☄️ With the SEC's other cases against high profile figures in the crypto space, to see a dismissal in itself for Brad and Chris is a great victory for XRP proving even more that the lawsuit was unjust. ☄️ I don't need to do much TA today, after all, most of this move up has been thanks to the news and that's been what has sent us straight up breaking our horizontal levels, pulling us up to that 0.526 level where we already know we'll have some big resistance, especially considering the last time we we're up here was prior to our big fall. ☄️ After an impulsive move like this I wouldn't be surprised to see some healthy retracement, especially as we've overextended away from that 200 EMA granted we've regained the 200 which is great but we've distanced ourselves from it so naturally wouldn't be to surprised to see trading acting try and pull us back closer to that 200 EMA. ☄️ The rest of the market has followed XRP with Bitcoin and other crypto's marking some nice positive gains for the week with news of a possible Bitcoin ETF being on the horizon, such in itself would create a huge opportunity for crypto of course to expand and become more ingrained in the financial world as it already is doing day by day like Ripple continues to do. ☄️ TA Wise I'm watching for resistance below 0.52 and support above 0.514. That is basically the make or break it for the levels, below 0.514 and we'll likely retrace back a while but a break above 0.52-6 could put us in a position to regain even more of a percent though all in all, it's good to see XRP regain it's ground. We already figured in the past idea that what was gonna send us up would most likely be the news so least we've got that down, what happens next will be up to the market makers and what sentiment is like up here. ☄️ I'm expecting some retracement as that's usually what happens after a big jump like this, I could be wrong but just my thought given past price action. Set some alerts for those horizontal levels if you'd like but if I may offer a cheers. It's good to see XRP continue to win both outside the legal system and within as they continue to push with their mission to bring XRP to the world's financial system. ☄️ Gotta go to the gym so I'm leaving this idea here for now but thanks for stopping by, really appreciate it and let me know thoughts on the dismissal, I've linked the article below for anyone interested. Thanks and have a great day, feel free to leave any likes or follows. ~ Rock ' cointelegraph.com
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP 6.62% Growth (SEC Drops Lawsuit)!XRP has gained 6.62% growth within the last 24 hours, on the back of good news that the SEC (Securities Exchange Commission) drops their lawsuit against two Ripple Labs executives. The original charge claimed that the blockchain company violated U.S. security laws by selling unregistered securities. The SEC is now taking back that claim. From a technical stance, this should give XRP buyers the opportunity to take out the previous, pending liquidity sitting at $0.55 which is another 5.90% growth from current market price.
BITSTAMP:XRPUSDLong
by BA_Investments
Confluence of Technical Indicators Pointing to a Potential TrendThe XRP 4H chart displays a series of technical indicators that, when combined, provide insights into the current market sentiment and potential future price movements. With a focus on Bollinger Bands, Volume Oscillator, Stochastic, MACD, RSI, and Fibonacci retracement levels, we will decode the price action and provide a comprehensive view of the most probable scenario. Technical Indicators Analysis: Bollinger Bands: The price is currently trading near the middle band, suggesting a neutral stance. However, the slight contraction of the bands indicates reduced volatility and a potential breakout soon. Volume Oscillator: A negative value of -15.02% indicates selling pressure, suggesting that bearish momentum might still be present. Stochastic: Both %K and %D are under the 50 mark but are converging, which can be a sign of potential bullish divergence in the near term. MACD: The MACD line and the Signal line are close together with a minimal histogram, indicating a lack of strong momentum in either direction. RSI: Hovering around the 49.21 mark, it's in a neutral zone, not giving a clear bullish or bearish signal. Fibonacci Retracement Levels: The chart shows various retracement levels. Currently, the price is hovering around the 0.5 retracement level. This level, along with the others you provided, will act as potential support and resistance zones. Most Probable Scenario: Given the confluence of indicators, there's a potential for a short-term bullish reversal, especially if the price can maintain above the 0.5 Fibonacci level and if the Stochastic continues its bullish divergence. However, the selling pressure from the volume oscillator suggests that any bullish move might face resistance. Therefore, traders should watch the key price levels mentioned for potential breakouts or rejections. Overall Sentiment: Neutral to slightly bullish. While some indicators hint at a potential bullish reversal, the overall sentiment remains mixed. It's essential to wait for more confirmations before taking a definitive position.
by MonoCoinSignal
5
XRP will Go🛫UP🛫 by Falling Wedge Pattern⏰(1-Hour)⏰✅ XRP is moving inside the 🟡 Price Reversal Zone(PRZ) 🟡 and near the Support line ; also, XRP has succeeded in forming a Falling Wedge Pattern . 🌊In terms of Elliott Waves , XRP was able to complete the end of main wave 5 in 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys . 🔔I expect XRP will go UP at least to the 🔴Resistance zone($0.494_$0.489)🔴 after breaking the upper line of the Falling Wedge Pattern. XRP Analyze ( XRPUSDT ), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
16
RIPPLE - Price can break resistance level and then continue riseHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced down to $0.4590 points, thereby breaking $0.4945 level, which coincided with support area. After this, price started to rise inside rising channel, where it rose higher of this level and reached resistance line of channel. Then Ripple bounced down to $0.4945 level, exiting from channel, and then Ripple rose to resistance line of pennant. But then price bounced and made strong downward impulse to support line, thereby breaking $0.5350 and $0.4945 levels. Also recently, price exited from pennant and now it trades very close to $0.4945 level in support area. Possibly, Ripple can break this level, make retest, and then bounce up to $0.5150 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
10